Quanta Services shares rose 3.
MasTec, AECOM and Fluor were the other companies named. The pattern reflects expectations that utilities and infrastructure owners may turn to specialized contractors to repair storm-damaged power networks and other critical facilities.
Quanta has a demonstrated record in that work. After Hurricane Harvey struck Texas and Louisiana in 2017, the company booked about $265 million in storm-related business.
Storm response is only one part of Quanta's business. The company provides electric-power infrastructure, grid modernization, renewable-energy construction and electrical systems for data centers. Its backlog had expanded beyond $50 billion, supported by demand for power-grid upgrades and large-load projects tied in part to artificial-intelligence data-center construction.
The Friday rally therefore reflected both a near-term storm-repair trade and investor attention to Quanta's broader infrastructure pipeline. The company's own disclosures note that severe weather can increase emergency-restoration work and that those assignments typically carry higher margins because equipment is used more intensively and fixed costs are spread across more activity. No new storm-related contract was announced with Friday's share-price move.